Beijing cracking down on property financing via trusts
Banking regulator's directive covers real estate and other industries facing overcapacity, say sources
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Beijing
CHINA'S banking regulator has instructed trust companies to rein in funding to the nation's booming real estate sector, intensifying a campaign to curb risks in both the property market and the shadow-finance industry.
The China Banking Regulatory Commission's (CBRC) guidance covered real estate and other industries facing overcapacity, according to people familiar with the matter.
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